regulatory
confidence high
sentiment negative
materiality 0.85
Surf Air Mobility receives NYSE delisting notice for low market cap and negative equity
SURF AIR MOBILITY INC.
- 30-day average market cap of $40.9M and stockholders' deficit of $106.3M as of March 31, 2024.
- Must submit a compliance plan within 45 days; if accepted, an 18-month cure period.
- Stock continues trading on NYSE under SRFM with added ".BC" indicator.
- Company states no immediate impact on business operations or SEC reporting obligations.